March 10, 2022
If you’re in the market for a new home, congratulations. Many people would search for a home that’s already been built to purchase. But if you have the budget for it, building a custom home would be a great decision.
You would have nearly full control of the home’s design from the start. When it’s finished, you’ll be living in your dream home.
Although, the costs to build a custom home are normally higher than if you bought a project home. Continue reading to understand the costs associated with building a custom home in Pickerington, Ohio.
The most significant factor that contributes to the price is the intended size of your home. The bigger the home, the more materials you’ll need to use, thus raising the overall cost.
According to HomeAdvisor, the average cost to build a home in the U.S. is around $150 per square foot with many custom homes averaging 2,200 square feet. The national average cost of a home in the U.S. is around $280,000.
In the state of Ohio, costs will range anywhere from $290,000-$350,000. In Pickerington, Ohio, you may want to budget for the higher end of that. The housing market at the time of writing this values homes in the upper $300,000s.
You can slightly reduce that cost by building a home that’s taller than wider. The more of a footprint that your home leaves, the more it’ll cost per square foot to build the home. A taller home will give you the space you need without taking up as much land.
Below are some other factors that will fluctuate the costs to build a custom home in Pickerington, Ohio.
Read: Why Building a New Home in Pickerington Ohio is Worth it (vs Buying)
These are elements of the budget that you need to account for before the home building process begins.
If you already have the land purchased, this shouldn’t play much of a role in your budget.
However, if you don’t, add roughly $53,000 to your budget. This is the median cost of a plot of land according to the National Association of Home Builders.
Some elements of the costs of getting the land ready include:
After you’ve finished everything involving buying the land, you need to get the right permits from the municipal office. These permits allow you to build your new home on this land. They’ll also tell you the building requirements, fees, and codes; you’ll need to know these things to avoid getting fined.
Prepare to spend around $5,000 for these permits.
A good rule of thumb is to set aside 20% of the total home building costs for the general contractor(s).
Costs here will depend greatly on availability, overall quality, and how much you’d need for the project. Note that high demand will lead to higher costs and lower supply. Plan your project accordingly so you have what you need ahead of time.
At least half of the budget is going to go towards buying the building materials. Some materials include lumber and concrete, and flooring once the foundation is finished.
Once the land is prepped for construction, it’s time to build the foundation. What you use determines the cost but it can vary between $10-$20 per square foot, sometimes higher or lower. Elements of the foundation include the basement, concrete slab, and stem walls.
The framing of the house is like the bone structure of the body. This is what the contractors build around, including fixtures like doorways, windows, roofing, and more.
The items listed below are parts of the home that are installed after the above materials are finished.
The costs for these systems will fluctuate more on labor than the actual materials. That being said, do not settle for the cheapest options out there.
High-quality materials for piping, wiring, etc., are going to be costly upfront. But it almost guarantees superb performance in any season. Your home will still be warm or cool in the harsh chilly winter or toasty summer. That overall home efficiency will treat your energy bill quite nicely.
Elements of the exterior include the patio, driveways, putting in the doors and windows, walkways, roofing, and walls.
How much and how big each feature is determines the cost. For example, using fewer windows and a small driveway will cost less than installing several windows for natural lighting and extended driveways for larger lots.
Your contractor should give you an estimate of these costs based on the sketch and blueprints discussed at the beginning of the homebuilding stages.
This is where you can have fun with how you want the inside of your home to look.
Here is where you choose the size, type, and material of items like cabinets, floor and tile, sinks, general appliances, light fixtures, countertops, and wallpaper.
Determine what your interior needs to get your cost estimates.
Budgeting for your dream home requires much detail. And it may even take making a sacrifice or two for a greater result.
No matter what kind of home you want to build, the experts at Heitmeyer are ready to tackle the project. We aim to give you exceptionally great results with any project you’re thinking about. Contact us today to talk about your homebuilding project in Pickerington, Ohio.
Heitmeyer Building & Design is a Construction company with over 100 years of experience in commercial construction and residential construction located in Pickerington, Ohio.
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